CNBC: Broadband is the main reason Maryland is the most improved state for business.

Maryland received a lot of attention in CNBC’s annual ranking of the best states for business.

Old Line State has risen 19th from the last North and South America top state ranking for business in the 2019 channel. We are currently approaching the top 10 at 12th place on the list.

The position stands out to those who have put together the rankings. Among the features that accompany the ranking, CNBC said Maryland was the most improved state of the year.

According to CNBC, one of the reasons is infrastructure. CNBC is keeping an eye on state moves to modernize the power grid. Of interest to engineers and policy makers, state broadband systems are also a big part of that reason. We’re looking at a study that found Maryland’s third-fastest Internet speed and the recent move to establish a state broadband office through the 2021 Digital Connection Act.

Sure, there’s still more work to do. According to reports, the Abel Foundation states that the city of Baltimore has about 40% of households that do not yet have a wired broadband connection. In the state as a whole, African-American households make up 40% of all disconnected households, and those below the Maryland median do not have home internet services or laptops, desktops, or tablets. It accounts for 75% of the household. There are disparities in connectivity, and pandemics only made them worse.

Still, the state is investing money to deal with it. Broadband offices oversee the $ 300 million allocation of federal aid.

Overall, the report shows the importance of broadband in the business environment.

The report also revealed that the state raised technology and innovation rankings, Maryland’s economy “weathered the pandemic better than most of the time” (thanks, federal government), and improved education. ..

In areas where the state could improve, the report states that there is a need to slow down educated workers migrating to the state, reduce SME lending, and repair roads.

There are still ways to catch top-ranked neighbor Virginia, but improvements are showing a step up and the importance of technology and innovation to make that leap.

Maryland is open to business. Our slogan turned the entire state government’s mission into a professional job without embarrassment, resulting in one of America’s greatest economic upturns. https: //t.co/eVEEdPlfnq

— Governor Larry Hogan (@GovLarryHogan) July 13, 2021

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